Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
After days of range bound action, the initial resolution will be to the upside. Let us see if this opening gap holds after the first hour; if so could be the move everyone has been waiting for. Housing starts came in very strong (954K v 890K); best since summer 2009 and jobless claims very low (335K vs 369k).
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Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
